RBC Capital raised the firm’s price target on 4D Molecular to $40 from $35 and keeps an Outperform rating on the shares. The firm notes that discussions with a key opinion leader regarding the company’s wAMD program was bullish, though that regarding cystic fibrosis was “more neutral”. With the recent pullback of 27% since its cystic fibrosis regulatory update however, RBC sees a good entry point ahead of upcoming catalysts, the analyst tells investors in a research note.
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